K Street Complex of Eateries and Nightspots Sold, New Owners Plan Restaurant

A restaurant complex in Downtown Sacramento that’s seen turnover in the last decade has a new owner.

Turton Commercial Real Estate announced Wednesday close of escrow at $5.125 million for 1000 K St., a 32,000-square-foot building with four to five restaurant and nightlife spaces.

“This is absolutely a massive win,” said Matt Axford, a director at Turton Commercial who was one of the brokers on the deal and said it took six years to come together. “It’s a good forecast for 2026.”

According to Caroline Lafler, a broker from TRI Commercial Real Estate Services in Roseville who represented the buyer, the new owners operate a restaurant called Kobe Teppanyaki & Sushi in Lincoln. She and Axford said they’re planning a similar concept for the empty restaurant space at 1000 K St., which is about 7,700 square feet.

In addition to Axford, Scott Kingston of Turton Commercial and Mark Hefner of Marcus & Millichap worked on the deal on behalf of the seller.